FTC to acquire 50% stake in Schoeller Textil for CHF 40M

FTC (Formosa Taffeta Co., Ltd.) announced it will invest up to CHF 40 million (about TWD 12.3 billion) to subscribe to a capital increase of Swiss functional fabric maker Schoeller Textil, acquiring a 50% stake to expand into high-end applications.

“福懋 (1434-TW) 今 (17) 日公告，擬以不超過瑞士法郎 4000 萬元(約新台幣 12.3 億元)，認購瑞士機能布廠 Schoeller Textil 現金增資，預計將取得 50% 股權，拓展高階應用市場。”news.cnyes.com

• 2 sources
• news.cnyes.com福懋擬斥12億元取得Schoeller Textil半數股權 強化高端布料產品線 | 鉅亨網Oct 17, 2019
• sgieurope.comFormosa Taffeta will acquire a 50 percent stake in Schoeller... | News briefs | Sporting Goods Intelligence2019-11-08T00Nov 8, 2019

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